Zhibao Technology Inc. entered into a definitive agreement on September 28, 2026, to acquire 100% of NEXSYS TECH SDN. BHD., a newly incorporated Malaysian entity intended to develop an AI computing infrastructure business. The transaction consideration includes $1 in cash at closing plus up to $7.5 million in contingent earn-out consideration payable solely through Class A ordinary shares if NEXSYS achieves cumulative audited net profit targets of $3.015 million over a 27-month evaluation term ending December 31, 2028. The planned business involves high-end GPU servers and computing power hosting for Chinese AI companies, with preliminary cooperation arrangements covering approximately 26 megawatts of rack power capacity in East Malaysia and Indonesia. Zhibao Technology Inc. is a leading InsurTech company providing digital insurance brokerage services through its proprietary Platform as a Service.
